Modeling Business Processes Using Applied Mathematics

Can companies improve profitability using mathematics? How can limitations on resources such as number of staff, budget, time, etc. can be transformed into equations to make better decisions? This course provides an overview of analytics and decision models in management to help decision makers. It focuses on linear programming, an optimization approach subject to constraints. Deterministic decision models will be developed and applied to management problems that organizations regularly encounter. Emphasis is placed on problem formulation, modeling, and resolution, as well as the interpretation of results. Linear programming models will be solved using Excel Solver. This course primarily contributes to achieving the following learning objectives: 1) Mastering, synthesizing, and applying the fundamental disciplines of management, 2) Demonstrating critical reasoning and decision-making skills, 3) Demonstrating leadership, interpersonal, and communication skills through group work.